Apple head Tim Cook has donated 50,000 of his shares in the company to an undisclosed charity, according to an SEC filing Friday. The donation has a value of $6.54 million, as of this writing.
Since taking over the company from co-founder Steve Jobs back in 2011, Cook has proven to be far more outspoken on charitable and political matters than his predecessor. He donated an undisclosed amount to support gay rights in his home state of Alabama and has pledged to give away all of his wealth (once he’s paid for his nephew’s college education).
This is just the latest in a series of public moves and gestures outside of immediate Apple business that would probably drive his old boss crazy, as the former CEO was far less interested in donations or making statements about political issues like gay rights and environmental concerns. Cook is adding his name to a list of generous and outspoken industry figures.
The Bill and Melinda Gates Foundation, which former Microsoft head Bill Gates manages, oversees a $42 billion endowment and funds projects like clean water for developing countries, agricultural development, and financial services. Gates and investor Warren Buffett also established The Giving Pledge, which encourages billionaires to donate the majority of their wealth to charitable causes and includes figures like media magnate Ted Turner, Facebook head Mark Zuckerberg, and SpaceX CEO Elon Musk.
So in these matters, at least, Cook is more Bill Gates than Steve Jobs. Nobody tell Jobs.
Via: The Chronicle of Philanthropy
Evan Killham is a freelance writer who lives in Nebraska and isn’t interested in football, so he has plenty of time to play and think about video games. He has written for Bitmob and GamesBeat and sometimes, he even goes outside. But not too often because he’s heard there are bees out there. Occasionally, companies send free units for review. Evan subscribes to Cult of Mac’s Reviews Policy and also does not keep the items he receives for possible coverage.
24 responses to “Tim Cook donated $6.5 million in Apple shares to charity”
In the old days, people simply passed on their wealth to their own families to keep their empire growing and everlasting. That’s the only way they could build dynasties. Bill Gates should build a high-tech pyramid, so 2,000 years from now, the grave-robbers would find computers running Windows 10.
Bill Gates has donated over $65 BILLION to charity.
That is pretty arrogant of you. Sounds like you are upset that they don’t donate to YOUR causes.
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Bill & Melinda Gates Foundation (BMGF or the Gates Foundation) is the largest private foundation in the world, founded by Bill and Melinda Gates. It was launched in 2000 and is said to be the largest transparently operated private foundation in the world. The primary aims of the foundation are, globally, to enhance healthcare and reduce extreme poverty, and in America, to expand educational opportunities and access to information technology
You didn’t but you were knocking Bill Gates charities. Just because you don’t consider his charities worth while doesn’t make it so.
Couldn’t I say that about Tim Cooks charities?
Then your original comments are unfounded.
You originally stated that Cook donates to better charities than Bill Gates but your last statement you said you weren’t even familiar with Bill Gates charity.
TALLEST SKIL: “The things to which he has donated are not “charity.” Not by a long shot.”
I would explain it to you but you wouldn’t understand.
You are obviously confused. I will stop since I cant simplify it enough for you.
If you say so
Why does this creepy old man get credit for $6million when Bill gates has donated over $65BILLION in his life?
Have you used Pay-pal ,because you can make an additional 430 bucks /every week in your profit just freelancing over the internet for several hrs per week. —>
He is a politician at heart and that is why I just can’t bring myself to like the guy. He is always pushing an agenda. Whatever he gave to will soon enough be “leaked” so that everyone will give to that same charity.